BlackRock to buy Barclays fund division

From Hispanicbusiness.com: BlackRock may acquire Barclays Plc’s fund division in a cash and stock deal worth as much as $12 billion to $13 billion. BlackRock is also trying to raise $3 billion from sovereign wealth funds in Kuwait and Qatar.

Should BlackRock follow through and pay have the amount in stock and half in cash, it would give Barclays a 20% stake in the company……..Full Article: Source